the management of lvmh has predicted that the transformation would take president obama a year and a half. but in terms of other businesses, the retailing division was really good in the quarter, up 13%. it's driven by the very strong performance of stores, wine and spirits division doing well, up nearly 3% thanks to strong shopping sales, especially in asia and north america. but as i was saying, the man division is low. danone recalled some baby food products in asia and that had a significant impact of that division in the third quarter. sales decline by nearly 9%, which is below the average forecast of a 3% contraction. as a result, danone missed the sales forecast for the first quarter and lowered its guidance for the full year. and practice most importantly, the company is secretarying a significant drop in operating margin. the new target, the cfo tried to step in and cool down the market saying danone should do well for the second half of the year. but as for now, the stock is 3.5% lower. ross. >> let's show you where we stand with bond yields at the moment, particularly u.s.